I am writing in strong opposition to this proposed rule. I and my advisors should be the ones to determine if investments are right for me, NOT the government regulators. I also should not have to pass a test before investing in public securities. I understand full well the risks and rewards of leveraged and inverse funds, and it is not up to the government to suggest or tell me otherwise. The Biden administration is choking businesses of all types with new regulations and reinstatement of bad policies from years ago. These onerous rules and regulations are strangling hard-working American citizens who need every opportunity to earn, save, and invest money in our future. This proposed rule will do nothing more than reduce the standard of living and quality of life.
Bill Davenport Comment On Regulatory Notice 22-08
I am writing in strong opposition to this proposed rule. I and my advisors should be the ones to determine if investments are right for me, NOT the government regulators. I also should not have to pass a test before investing in public securities. I understand full well the risks and rewards of leveraged and inverse funds, and it is not up to the government to suggest or tell me otherwise. The Biden administration is choking businesses of all types with new regulations and reinstatement of bad policies from years ago. These onerous rules and regulations are strangling hard-working American citizens who need every opportunity to earn, save, and invest money in our future. This proposed rule will do nothing more than reduce the standard of living and quality of life.